Nvidia (NASDAQ:NVDA) is on the verge of making history, approaching a $5 trillion market capitalization following yet another powerful rally fueled by enthusiasm for artificial intelligence technologies. The surge places the chipmaker at the pinnacle of the AI revolution, solidifying its status as one of the most valuable companies in the world.
Shares of the Santa Clara, California-based firm rose 2.8% in premarket trading on Wednesday after CEO Jensen Huang announced $500 billion in AI chip bookings and plans to construct seven supercomputers for the U.S. government.
Huang made the remarks during Nvidia’s developer conference in Washington, where he highlighted the company’s central role in powering the global AI ecosystem. One of the planned supercomputers — developed in collaboration with Oracle — will incorporate 100,000 of Nvidia’s Blackwell chips, a flagship architecture designed for next-generation AI applications.
The stock’s record-setting momentum received an additional boost after U.S. President Donald Trump confirmed he would discuss Nvidia’s Blackwell processors with Chinese President Xi Jinping, sparking optimism that export restrictions on AI chips to China might be relaxed.
“We’ll be speaking about Blackwells,” Trump told reporters Wednesday, ahead of his meeting with Xi later this week. He described the chip as “super duper” and noted that Nvidia Chief Executive Jensen Huang recently brought a version of the accelerator to the Oval Office.
Nvidia’s near-$5 trillion milestone follows similar achievements by Apple and Microsoft, which have both surpassed $4 trillion in market value this week. Apple hit the threshold amid robust iPhone 17 sales, while Microsoft reclaimed its position after valuing its OpenAI stake at $135 billion — underscoring how AI continues to redefine leadership in the global tech industry.